CARNIVAL PLC: Carnival Announces Stock Repurchase Program

Carnival Corporation & plc Announces Carnival plc Share Sale and Carnival
Corporation Stock Repurchase Program
MIAMI, Jan. 31, 2013 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
announces
that Carnival Corporation and Carnival Investments Limited, a wholly owned
subsidiary of Carnival
Corporation, intend to sell existing Carnival plc ordinary shares that they
hold in
the UK market ("Share Sales"). The ordinary shares will be sold from time to
time in the UK in "at
the market" transactions at times when the Carnival Corporation common stock is
trading at a
discount to Carnival plc shares. Carnival Corporation & plc intends to use the
net proceeds of the
Carnival plc Share Sales to repurchase Carnival Corporation common stock on at
least an
equivalent basis in the U.S. market ("Stock Swap Repurchase"), and to use the
remaining net
proceeds, if any, for general corporate purposes. Carnival Corporation & plc
only intends to trade
where it will derive an economic benefit from the Carnival plc Share Sales and
Carnival
Corporation Stock Swap Repurchase program.
Depending on market conditions, Carnival Corporation and Carnival Investments
Limited
over time will sell up to 32,000,000 ordinary shares of Carnival plc in this
program.
Under the terms of the articles of association of Carnival plc the ordinary
shares
sold by Carnival Corporation and Carnival Investments Limited will, once held
outside
of the Carnival Corporation group, become re-enfranchised for voting purposes.
Carnival plc has filed a registration statement on Form S-3ASR (including a
prospectus) with the
U.S. Securities and Exchange Commission (the "SEC") in relation to the Share
Sales program,
for U.S. regulatory purposes. Interested parties should read the prospectus in
that registration
statement and the other documents that Carnival Corporation & plc have filed
with the SEC that
are incorporated by reference into the prospectus for more complete information
about Carnival
Corporation & plc and this program. These documents are available at no charge
by visiting
EDGAR on the SEC Web site at www.sec.gov . You may also request a copy of the
prospectus
for this offering, and the documents incorporated by reference into the
prospectus from Carnival
Corporation & plc, without charge, upon written or oral request. Requests for
such copies should
be directed to the following:
CARNIVAL CORPORATION and CARNIVAL PLC
c/o CARNIVAL CORPORATION
3655 N.W. 87TH AVENUE
MIAMI, FLORIDA 33178-2428
ATTENTION: COMPANY SECRETARY
TELEPHONE: (305) 599-2600, EXT. 18018.
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall
there be any sale of these securities in any jurisdiction in which such offer,
solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of any such
jurisdiction.
Carnival Corporation & plc is the largest cruise company in the world, with a
portfolio of cruise
brands in North America, Europe, Australia and Asia, comprised of Carnival
Cruise Lines, Holland
America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard,
Ibero Cruises,
P&O Cruises (Australia) and P&O Cruises (UK).
Together, these brands operate 100 ships totaling 203,000 lower berths with
nine new ships
scheduled to be delivered between March 2013 and March 2016. Carnival
Corporation & plc also
operates Holland America Princess Alaska Tours, the leading tour company in
Alaska and the
Canadian Yukon. Traded on both the New York and London Stock Exchanges,
Carnival
Corporation & plc is the only group in the world to be included in both the S&P
500 and the FTSE
100 indices.
Caution Concerning Forward-Looking Statements
This release includes certain forward-looking statements within the meaning of
the Private
Securities Litigation Reform Act of 1995. These statements are based on
management's current
expectations or beliefs, and are subject to uncertainty and changes in
circumstances. Actual
results may vary materially from those expressed or implied by the statements
herein due to
changes in economic, business, competitive, technological, strategic and/or
regulatory factors,
and other factors affecting the operations of Carnival Corporation & plc. More
detailed information
about these factors may be found in filings by Carnival Corporation & plc with
the SEC, including
their most recent joint Annual Report on Form 10-K and joint Quarterly Reports
on Form 10-Q.
Carnival Corporation & plc are under no obligation to, and expressly disclaim
any such obligation
to, update or alter their forward-looking statements, whether as a result of
new information, future
events, or otherwise.
CONTACT: Jennifer De La Cruz, +1-305-599-2600, ext. 16000; or INVESTOR
RELATIONS CONTACT,
Beth Roberts, +1-305-406-4832
END
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